Tax accounting

Corcept Therapeutics Announces Second Quarter Financial Results and Provides Corporate Update

Retrieved on: 
Thursday, July 29, 2021

Second quarter 2021 GAAP net income was $26.5 million, compared to $28.3 million in the second quarter of 2020.

Key Points: 
  • Second quarter 2021 GAAP net income was $26.5 million, compared to $28.3 million in the second quarter of 2020.
  • Excluding non-cash expenses related to stock-based compensation and the utilization of deferred tax assets, together with related income tax effects, non-GAAP net income in the second quarter was $38.2 million, compared to $39.7 million in the second quarter of 2020.
  • Second quarter operating expenses were $59.6 million, compared to $53.3 million in the second quarter of 2020, due to increased employee compensation expenses, commercial spending, spending on clinical trials in Cushings syndrome and pre-clinical activities.
  • Our second quarter results reflect the fact that physicians are seeing their patients more frequently, which allows them to diagnose and optimally treat those who have Cushings syndrome.

HealthEquity Updates Business Outlook

Retrieved on: 
Tuesday, June 8, 2021

The Company may adjust its non-GAAP tax rate as additional information becomes available and in conjunction with any other significant events occurring that may materially affect this rate, such as merger and acquisition activity, changes in business outlook, or other changes in expectations regarding tax regulations.

Key Points: 
  • The Company may adjust its non-GAAP tax rate as additional information becomes available and in conjunction with any other significant events occurring that may materially affect this rate, such as merger and acquisition activity, changes in business outlook, or other changes in expectations regarding tax regulations.
  • Non-GAAP net income per diluted share may not calculate due to rounding of non-GAAP net income and diluted weighted-average shares.
  • We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
  • Forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

KLA Corporation Reports Fiscal 2021 Third Quarter Results

Retrieved on: 
Thursday, April 29, 2021

The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future.

Key Points: 
  • The non-GAAP and supplemental information is provided to enhance the user's overall understanding of our operating performance and our prospects in the future.
  • The non-GAAP information is among the budgeting and planning tools that management uses for future forecasting.
  • The presentation of non-GAAP and supplemental information is not meant to be considered in isolation or as a substitute for results prepared and presented in accordance with United States GAAP.
  • Discrete tax items in the three months ended Dec. 31, 2020 consist primarily of a tax expense of $4.0 million from an internal restructuring.

Confusion, dread, and fear of owing money fuel tax filing procrastination in Canada

Retrieved on: 
Tuesday, March 30, 2021

"There's no doubt that this tax season is a bit of an enigma.

Key Points: 
  • "There's no doubt that this tax season is a bit of an enigma.
  • What's important is resisting the temptation to procrastinate, and to seek expert help if you are not sure how to maximise your tax return."
  • For those who expect or are hoping for a tax refund, Canadians are taking a conservative approach in how they plan to use the money.
  • For over 50 years, H&R Block Canada is Canada's tax leader, with over 1,100 locations across Canada, and do-it-yourself Tax Software.

Corcept Therapeutics Announces Fourth Quarter and Full-Year 2020 Audited Financial Results

Retrieved on: 
Tuesday, February 23, 2021

Fourth quarter revenue was$85.7 million, compared to$87.9 millionin the fourth quarter of 2019.

Key Points: 
  • Fourth quarter revenue was$85.7 million, compared to$87.9 millionin the fourth quarter of 2019.
  • GAAP net income was$106.0 millionfor the year and$26.0 millionin the fourth quarter of 2020, compared to$94.2 millionfor the year and$29.4 millionin the fourth quarter of 2019.
  • Excluding non-cash expenses related to stock-based compensation and the utilization of deferred tax assets, together with related income tax effects, non-GAAP net income was$34.7 millionin the fourth quarter, compared to$40.3 millionin the fourth quarter of 2019.
  • Cash and investments increased by$32.7 millionin the fourth quarter, to$476.9 million at December 31, 2020.

Compass Diversified Holdings Provides Shareholders with 2020 Tax Information

Retrieved on: 
Friday, February 19, 2021

Shareholders should check their 2020 tax statements received from Broadridge or from their brokerage firm in order to ensure that the trustee tax information reported for the company conforms to the information reported.

Key Points: 
  • Shareholders should check their 2020 tax statements received from Broadridge or from their brokerage firm in order to ensure that the trustee tax information reported for the company conforms to the information reported.
  • Should you have any questions regarding your Investor Tax Reporting package, please contact Tax Support at 800-573-9088.
  • CODI is not subject to federal or state income tax and the annual income, losses, deductions or credits of the Trust flows directly to shareholders.
  • The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis.

Barings BDC, Inc. Announces Quarterly Cash Dividend Of $0.19 Per Share, Reports Preliminary Fourth Quarter 2020 Results And Announces Conference Call To Discuss Fourth Quarter And Full Year 2020 Results

Retrieved on: 
Tuesday, February 9, 2021

At each year end, the Company is required for tax purposes to determine the allocation based on tax accounting principles.

Key Points: 
  • At each year end, the Company is required for tax purposes to determine the allocation based on tax accounting principles.
  • The tax status of the Company's distributions can be found on the Investor Relations page of its website.
  • Barings BDC has scheduled a conference call to discuss fourth quarter and full year 2020 financial and operating results for Wednesday, March 24, 2021, at 9:00 a.m.
  • To listen to the call, please dial 877-407-8831 or 201-493-6736 approximately 10 minutes prior to the start of the call.

PerkinElmer Updates Fourth Quarter Outlook; To Hold Earnings Call on Tuesday, February 2, 2021

Retrieved on: 
Monday, January 11, 2021

Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP.

Key Points: 
  • Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP.
  • We also exclude the impact of sales from divested businesses by deducting the effects of divested business revenue from the current and prior periods.
  • We also exclude adjustments for mark-to-market accounting on post-retirement benefits, therefore only our projected costs have been used to calculate this non-GAAP measure.
  • We also adjust for any tax impact related to the above items and exclude the impact of significant tax events.

Kulicke & Soffa Reports Fourth Quarter 2020 Results

Retrieved on: 
Thursday, November 19, 2020

Fourth fiscal quarter tax expense of $8.0 million was associated with increased profitability and jurisdictional adjustments.

Key Points: 
  • Fourth fiscal quarter tax expense of $8.0 million was associated with increased profitability and jurisdictional adjustments.
  • Our dedicated global workforce, financial position, and commitment to development have facilitated this progress despite the challenging macro-economic environment through fiscal 2020."
  • A conference call to discuss these results will be held tomorrow,November 19, 2020, beginning at8:00am EST.
  • In addition to U.S. GAAP results, this press release also contains non-GAAP financial results.

New Concept Energy, Inc. Reports Third Quarter 2020 Results

Retrieved on: 
Monday, November 16, 2020

For the three months ended September 30, 2020, the Company recorded net revenue from continuing operations of $82,000 and net income from discontinued operations of $2,100,000.

Key Points: 
  • For the three months ended September 30, 2020, the Company recorded net revenue from continuing operations of $82,000 and net income from discontinued operations of $2,100,000.
  • For the three months ended September 30, 2019, the Company recorded $22,000 from continuing operations and a loss of $2,342,000 from discontinued operations.
  • On August 31, 2020 the Company sold its entire oil and gas operation for $85,000 to an independent third party.
  • For the three months ended September 30, 2020 the Company reported other income of $84,000 which represents a tax refund for taxes paid in prior years.